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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Glendora, California, with a population of 53,786 as of 2022, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, the Elwood Family Apartments, provides 87 units, of which 86 are designated as low-income units. The LIHTC-funded affordable housing represents approximately 0.42% of the city's estimated housing inventory of 20,608 units.
Glendora has received $1,847,670 in project tax credits from the LIHTC program for affordable housing. This equates to an average federal funding of $21,237 per unit in the LIHTC-funded project. The city holds 0.06% of the total state funding for LIHTC projects in California. The Elwood Family Apartments, completed in 2008, has been providing affordable housing in the city for over a decade. It offers a mix of unit sizes, including 33 two-bedroom units, 42 three-bedroom units, and 12 four-bedroom units, catering to various family sizes.
Over the past decade, Glendora's population has remained relatively stable, with a slight decrease from 54,505 in 2015 to 53,786 in 2022. The median income has increased from $86,270 in 2015 to $103,723 in 2022, indicating an overall improvement in the economic conditions of the city's residents. The racial demographics of Glendora have shifted during this period. The Hispanic population has increased from 30% in 2015 to 40% in 2022, while the white population has decreased from 55% to 42%. The Asian population has remained relatively stable at around 11-12%.
Despite these demographic shifts, there have been no new LIHTC projects in Glendora since 2008. This could be attributed to various factors, including the rising median income, which may have reduced the perceived need for additional affordable housing units.
Glendora's LIHTC-funded affordable housing inventory consists of one project, the Elwood Family Apartments, providing 87 units of affordable housing. While this represents a small portion of the city's estimated housing stock, it has been serving the community for over a decade. The city has experienced demographic changes, including increasing median income and growing diversity, which may influence future affordable housing needs. The analysis of LIHTC data in Glendora provides insights into the city's approach to affordable housing and its evolution in relation to changing demographics.